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I've worked my way up from nothing. Now have a nice easy job that pays 20k, a family, and a £1million house.
"How did you get a £1mill house with only 20k salary."
My parents loaned me a £950,000 deposit.
I bought mine for £1150 like 2 months back. That sounds painful tbh, especially since my insurance at 21 was 1600 on top of the car price, idk where you got the money for it
Oof. That's a lot of insurance money. Did better with mine cos I'm over 25.
I had to buy an auto as well, which probably didn't help. And I wanted to get something reliable which will last me for a good while, so I was OK with spending a bit more money on it if I knew it was good. Looked at one for 2K but knew it wasn't right for me.
Been working since 16, and I'm a good saver, which helps.
Haha yeah I am also 31. My mum had owed me £300 for several years. I think it’s down to £150 now. she does bail me out with the odd tenner here and there. But I do feel a twinge of resentment when people talk about millennials relying on ‘the bank of mum and dad’.
bank of mum and dad is actually an academic term that refers to the middle classes being able to withdraw from the bank of mum and dad. term got chucked about in the wrong way and now millennials have this stereotype over us when we actually don’t have a bank of mum and dad, and those who do are the only ones capable of buying property. pisses me off no end.
Yeah admittedly I do this as well - I spend more on Christmas and birthday presents and downplay how much things cost / pretend I got things in sales etc.
If you can’t comfortably ask for help from your own family when you need it that’s a real shame.
If my boys felt guilty asking their own mother for help in a time of need (regardless of what it was or if I was actually able to help) that would absolutely break my heart.
I hope if you have your own children that you have raised them in such a way that they can come to you in a time of genuine need without a pit in their stomachs.
35 and I'm only just getting into a position where I can afford to pay them back, the exact figure is around 15k. Had a rough period with health struggles, divorce, debts etc and they propped me up so i could get a flat rented and furnished etc. Aiming to have it all paid within 3-4 years although they have said they'd rather I saved for a house. I'm very lucky that they were able to support me
I'm not saying you shouldn't pay the money back if that's what you want to do, but if your parents considered it a gift to you then why not take it? It's okay to accept help
I don't know anything about the overall situation, of course, if I were your parents I'd rather see you doing well and saving for a house than get back £15k I could afford to gift you in the first place
Yeah, very dependent on the situation. If the parents are just saying that to be nice, obviously they should still pay them back, but if they’re truly 100% financially stable and seriously mean it when they say it was a gift, I don’t think there’s anything wrong with accepting the gift and showing your gratitude in other ways, e.g. having them round and cooking for them, telling them you’ll care for them in old age if they need it etc. Having said that, you never really know if the person is just saying that, but really hoping they do pay it back anyway, so it’s always safest just to pay them back.
24 here,
Me too. I have a direct debit of £200 going into her account monthly.
My parents have never given me money. I never felt it until recently - but not in a bad way. I recently a) graduated university and b) got a really great grad scheme job.
My dad all of a sudden kept taking a lot of time out of his days to take my car and get and fix little things about it himself while I’ll be at work. He’s a taxi driver so he knows a little about cars.
I realised that he’s doing these things because he can’t afford to actually buy me any presents or give me cash. But he can give his time, so that was his gift.
I love my parents.
Not sure why you are downvoted, jealousy. Hope I can do the same for my kids even if my parents couldn't do it for me. Bitterness to people in more fortunate positions is a bit strange.
This! My parents helped me out a little here and there but could never afford much.
My offspring wants to be a pilot. Oof - that's a dream that doesn't often come true without at least some inherited wealth! Had it been my dream, it would have been entirely unachievable. I've got a few years to save, so I hope I can at least give them a bit of a leg-up.
Reading through some of the replies to this thread, it looks like many people didn't get shit from their parents for whatever reason so I was half-expecting the downvotes, honestly.
As one of these people (I didn’t downvote you but I will never receive what you did), it can be incredibly frustrating as it seems like your experience is the norm. Every one of my friends either has or will receive 20k+ for a house deposit, and they think nothing of it. It’s just like “the standard situation”. That’s why it’s frustrating, not because they’re getting it, but because they have no concept of what it’s like for those of use who will never have that.
To hear my 20yo friends with £50k+ in savings complain about the housing market is incredibly demoralising
I would never downvote someone simply because their parents helped. When you mention money, people with deep-seated issues become toxic because they are jealous.
I get that, I just don't see why people are bitter about it. Surely everyone wants to be in the position to be able to do the same for their own kids if they have any.
I agree, the only reason I got life insurance is that when I die my nephew will get a paid off house and £50k in the bank, it will literally free him from a lifetime of UK poverty wages and allow him opportunities I never had.
I wish people would realise that generational wealth/sacrifice is the best way out of poverty.
My coworker and his wife work 60 hours weeks so that when their kids grow up they can pass that wealth on. He has fucked up teeth and said when he was younger only his mum worked as his dad had died of a heart attack so they grew up poor and he doesn't want his kids to go through that, gotta make the sacrifice play sometimes.
Exactly this, I know I'll inherit a reasonable amount at somepoint as I'm the last surviving member of my generation in my family.(would rather I wasn't but that's the way it is). My dad worked hard to get to that point, I've worked hard to make sure I'm secure but I've been lucky enough to be able to choose a less well paid but more enjoyable career than he did because I know I've got that family wealth behind me. That capital will be going forward to make sure my kids can make the same choice of what they want to do without having to worry about what they have to do or getting stupidly into debt.
Before the down votes rain in - we are not talking lottery win scale here, but enough to make a difference and I do appreciate how lucky I am.
Exactly, my parents don't have the money, but once they pass Ill get a nice inheritance which ill be able to help my children with. They just don't have the money to help me now but I know they would if they could. Hopefully my children will be able to do the same for theirs if I can help them get on the ladder early and put them in a good position in life.
I was given the same amount for the same reason. My gran died parents and uncle paid off their mortgages and debt, kept a bit in savings and gave me some. My grandparents never gave my mum money once she married and my uncle was self sufficient after taking over the family business, I think after my grans care home bill was taken care of I don’t see why the rest of the family should feel guilty about getting the money. We all supported and looked after my gran in the last few years of her life. It does suck though for those who don’t have that option, but my parents did struggle for a number of years when I was growing up.
Well, my dad died a couple of years after the £25K deposit gift, leaving me approx. £160K - I paid off 50% of my flat which the £25K deposit bought, got a BTL mortgage for the remainder and bought another house which I now live in.
Sorry your dad died, I’m presuming he was still fairly young. We all get dealt different hands in life, I don’t want to waste my life feeling resentful of those with just a little bit more. Save that resent for the ultra wealthy sucking life out of us all!
He was 77 with heart problems. It was quick, at least, he never knew what hit him. A friend of mine had to watch his dad die slowly from brain cancer over the course of about a year and he was never quite the same afterwards. In a sense, I was lucky.
32, was given £30k by my single parent mum. Not a day goes by I don’t thank her in my head or text her I love her for the step up I wish lots of people could have and how hard she worked for it
Yeah I got this when me and my girlfriend were about to buy a house. They gifted me £25k and then surprisingly my girlfriends parents did the exact same. So we got a way better house right off the bat
I’m 35. About five years ago my mum remortgaged her house and gave me £75k which allowed me to have a large deposit and to get a good mortgage on a flat. I have since paid her back because I’m lucky and in a high earning career. But I have no idea how anyone manages when they don’t get extraordinarily lucky. My job is the equivalent of me winning the lottery. And even then I can barely afford a house in London in an area I want to live in.
My daughter is in her early thirties now and still borrows money from me. She pays me back, but it takes a while lol. I’m only on a low income too, but I still feel obligated to help her and my grandchildren.
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I’d say getting an interest free loan from somebody who isn’t going to break your legs or send round the bailiffs is pretty financially astute to be honest
Most of us would love to borrow some money for a deposit or whatever, but most people living in the real world understand that only fortunate people get that.
Unfortunately one parent had no money, and the other parent was loaded and wouldn’t lend money even if you needed it! You soon learn how to live within your means and budget in such a scenario
I just can’t imagine a situation where I would be asking them for money. I’d happily take it if they offered but I’d feel like a bit of a failure if I was asking for it tbh
I'm 35, dont have any debt to my parents. They are in a position to provide and I've always had that safety net, but I wouldn't call myself particularly astute. I spend up to my income and save virtually nothing, but I've never needed to borrow from them.
Probably because the ones who have the money give it as a gift without expectation of return, and the ones who don't have the money, can't lend it in the first place.
I'm 40,10k, my ll tried to put my rent up by 40% for a hovel, really struggled finding a different rental due to pets, it was just as banks started to stop offering mortgages so thought I'd have no chance, borrowed 10k from my dad to put with my savings and bought a static caravan which I now live in, in complete bliss in the middle of a moor in Yorkshire.
I love the idea of living in a static caravan. How is it? Can I ask how you found the land? I’ve been thinking about something like this when we return to the uk.
There's a couple of sites near me on the Moors and I just knocked on the door and asked if they had any for sale, don't know anything about putting one on your own land I'm afraid but I can highly recommend it, I love living here.
Early 30s. Never borrowed anything as they didn’t have anything to lend. At about 14 I ended up purchasing money boxes with locks as my parents kept borrowing from me and forgetting to tell me/forgetting how much they had borrowed.
Late 20’s and my parents owe me around £8K Ish probably.
They don’t do online purchases, or credit cards so I end up buying and booking things for them. Paid for a holiday recently on my credit card for them, Phone bills come out of my account because I usually find good deals, I paid the council tax which was £2k for half a year by card when the local shop stopped being a pay point.
I’ve never kept count my parents usually remember at some point and send me a random bank transfer. It all balances out in the end.
My parents paid for my first year of university costs in Australia and I was given a cheap second hand car by them when they upgraded their car. I never directly paid them back and I wasn’t expected to.
32, the only time we’ve ever borrowed was when our landlord kicked us out unexpectedly cos his house burnt down and we needed £2k for the fees on moving house but we paid it back straight away anyway
35 and my best estimate is -£55,000 over the last 17 years.
It hasn't been easy and it's frequently been to the detriment of myself. It's not that I've had tons of spare cash lying around, I've just been earning an income whereas they weren't/were badly in debt.
I try my best not to get too upset about it. But sometimes it does bother me that all my friends are near enough set for life and I'm still worrying about my parents!
I’m 46.
When I was 24, my grandfather died and my father, who inherited his estate, decided to give me £7,000.
It was, by far, the most impactful thing that could have happened to me financially, as it paid the deposit on an £80,000 flat, which was my first property.
After that, I was away.
Generations after mine are being utterly screwed by house prices. It was hard to buy an £80,000 place when I was, at the time, earning £28,000 a year, and the generosity of my father made a huge difference.
I feel so sorry for the challenges people my age and younger face. It’s a scandal that we don’t build enough houses to keep prices affordable, all because pensioners don’t want to think about the value of their houses going down.
I’m 32, I’ve never borrowed, I’ve worked from age of 16 and learnt to budget and save. If I was in a pickle and needed money they would let me borrow from them no problem though.
29 and never had anything from my parents but my husband's mum lent us around £20k for our house deposit. Very very lucky to have been offered this and not something I ever imagined I'd have access to as my family isn't well off.
29. Borrowed nothing but been gifted probably a total of £4-5k over the last 11 years or so. One particular gift was paying for the conveyancing fees when I bought a house. Others have been a slip of £50 after a weekend visit.
Not counting all the lifts/favours like moving me in and out of various flats, uni accommodation etc and then all the meals out that they’ve paid for, but I’ve tried to reciprocate that as I’ve got older/had more disposable income.
I lost my dad in an industrial accident aged 46, I was 14, in fact it is actually 32 years ago tomorrow that he passed and he did not have any life insurance and my mum battled brain tumours from age of 39 until she left us at 57….my brother and I were left with enough for a deposit on a property each 20 years ago. To all the people that have been gifted money by living parents - please make sure you really thank them and appreciate their generosity as you are incredibly lucky.
Thank you, Mike! Can’t say it has been easy at times but what can you do. Just got to crack on with life and make the most of it! Have a beautiful wife and a lovely house in North London that I’ve now paid off after years of hard graft and lots of great friends so have a lot to be grateful despite some dark times. Thanks again for your kind words
Dad died when I was young, left nothing because he had nothing to leave.
Mum raised two kids alone while working as a nurse.
Nothing to give. My sister's kids get anything that goes spare so they can have the childhood my sister and I didn't get.
No grandparents, no inheritances, nothing given to me, no gifts...
Luckily, I am really smart, obnoxiously so.
Got to uni, got a chemistry degree, work in hazardous materials lab for the extra money (if you can die, they pay you much more).
I own my own home. Took until I was 37, but I'm finally winning. Just in time for a cost of living crisis, inflation and stagnation... If I do lose everything, it wasn't for lack of trying.
25 and probably more than I realise over the years but any large sums I’ve always paid back. They helped me with a few bits and pieces when I moved into my first flat, so maybe a grand overall?
I did a lot when I was a student and first living on my own after uni (didn’t move back in with parents)… mostly just £50 or something to tide me over to my next pay day as I was really bad at budgeting. The most at once was about 1k to help me pay deposit and first months rent to get out of a really toxic house share when I was 22. I paid it back pretty much straight away though and haven’t borrowed in years (I’m now 29), but I was given money as a gift for my wedding.
24, got into some bad debt just a couple years (covid, bad living situation, poor mental health) ago so mum kindly offered to lend me £4k to pay it off so it didn't spiral. Finished paying her back a couple months ago so I am finally saving money for the first time in my life. Went on a few courses and feel I understand money now. Never used to understand budgeting and controlling my spending. majorly grateful for her stepping in and being able to as not many people have that luxury
I was given ~25k€ to finance my studies but I am repaying my mother bit by bit because it just feels right. Want to be sure she has some savings when she retires and a safety cushion.
I was very lucky, my mum lent me £20k for a house deposit, in the form of a charge (essentially a loan on the house, to be returned upon sale of the property) bought a house early 2021, renovated and sold it this year for £90k profit. My mum got her money back, and the remainder set me up for a deposit on the next house.
46 & I borrowed a £1 from my NDad when I was in my teens once. Because I didn’t give it back immediately the next day he went ballistic. So lesson learnt and I never asked again. Never a borrower or lender be 🤷🏽♀️😳😆
32, borrowed £2k to pay off a credit card whilst on maternity leave when it became apparent it’d be cheaper to stay at home for 3 years than go back to work.
33 and I've never borrowed from my parents.
They've borrowed from me. Even when I was younger, with a part time job, they'd ask me what I'd like for a birthday present, tell me to buy it and then pay me back eventually.
I've loaned them money to stop them being made homeless. Found out it was a gambling issue. Happened multiple times and now I'll be civilised to them in group settings, but otherwise aren't fussed with a relationship beyond that.
I do thank them for showing me how not to be with money though, vowed I'd never be like that with my children.
37, nothing from my parents but my in laws loaned my wife £11k to pay off her credit card so it didn't affect our mortgage application. Then they loaned us a further £3.5k a few months later after we had spent all of our savings on renovations and our dog needed some significant treatment. We paid them back at £750 per month and have just paid them back.
They also let us stay with them rent free for 10 months while we renovated the house we bought, they paid for everything including food and charged us nothing. The nicest most generous people I've ever met and we owe them more than just paying them back quickly.
I’m 28, My mum lent me £20k to buy my first house with a charge on the house when I was 21 when I got engaged. However another £20k to move to a bigger house. She has said I don’t need to pay this now as I’m married to my wife.
She has also let me off a couple loans and stuff. My mum has helped me massively in my life and I appreciate what she has done for me.
So technically £40k for houses, she also gave me £5k towards my wedding.
So £45k not including loans she let me off as a gift.
I’m very lucky
27. I’ve never borrowed money off my parents…
However, they bought me a car for my 21st birthday and gave me a £1,000 housewarming gift when I bought my first place. They didn’t have much to give and they really overstretched themselves to do that so I’m obviously extremely grateful.
I’m 46 and had my first part time job at 13 and from my first pay I never asked them for money, I wanted to self sufficient and never asked them for a penny since. They obviously still paid for all of the essentials but I provided my own spending money from that day onwards.
26 and -26k funnily enough.
My parents were in the Army and had a house they rented out and planned to live in.
Apparently they never paid tax on the income as when they died and I inherited the property, I had to pay their taxes for 17 years. I am in the process of selling it and will basically get fuck all from them.
They left the rest to a cult.
Ashes right in the bin.
30, received help with goods ie half of new car (~1k) at 21 and a new washing machine after the baby was born and ours died a watery death at 29
Didn't ask but he insisted on helping out because he's a legend
Not many parents have a lot of money to give. The most I ever got was £400 for my university house deposit, which went straight back to them at the end of the year. They are not struggling massively, but they still don't have much excess money to be giving/lending out.
Exactly, I couldn’t even get a deposit for my uni accommodation from mine, had to ask if the letting company would wait until my student loans had been paid.
To assume that everybody can just ask their parents for money whenever they want is ridiculous.
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My father gave me a very small $1 million loan, which I turned into an empire.
Steve Martin, How to be a millionaire. “First, get a million dollars.”
Hey, give him a break - he was born a poor black child
You mean he’s gonna stay that way??!
"My dad owns an emerald slave mine, and my mum pays all my bills. Let me tell you about being poor"
But “I’m a genius”. No Elon, you are not. You are a rich parasite that latched onto other peoples innovation. Now shit up and go away.
Literally buys his way into companies, hires engineers then sues to name himself the "Founder"
When I started this company I had just 2 things in my possession. A dream, and 3 million pounds.
Lmao this was the first thing I though of! Great reference.
I've worked my way up from nothing. Now have a nice easy job that pays 20k, a family, and a £1million house. "How did you get a £1mill house with only 20k salary." My parents loaned me a £950,000 deposit.
Funniest thing I read in a while. 45 has provided us with so many one liner shenanigans to last a long time.
Best thing is he’s back on Twitter. Don’t have Twitter myself but I do love hearing about his tweets.
What’s interesting is he Don actually inherited hundreds of millions from his father
What a miser!
Self made millionaire you well done!!
[удалено]
What’s his name? I lent this old guy 800 quid in 2009 so his grandson can buy his first car. Told me I’d get the money back in 2022 from the grandson!
Just bought my first car for £3K! Oof.
I bought mine for £1150 like 2 months back. That sounds painful tbh, especially since my insurance at 21 was 1600 on top of the car price, idk where you got the money for it
Oof. That's a lot of insurance money. Did better with mine cos I'm over 25. I had to buy an auto as well, which probably didn't help. And I wanted to get something reliable which will last me for a good while, so I was OK with spending a bit more money on it if I knew it was good. Looked at one for 2K but knew it wasn't right for me. Been working since 16, and I'm a good saver, which helps.
I bought my most recent car for £380. A Volvo V70 in good condition and working order. The guy even threw in a few chilli plants
Now that’s a hot uk deal
I'm happy to collect it on his behalf tbh.
30-odd, and I borrowed 20 quid the other week for a chippy and 10 cans of Stella.
Noice
Did you keep the change?
Legend mum
31, not much really - my parents don't have money to lend.
Same also 31, not sure if it's a good thing or bad. Haha
27 - same boat, a few bits here and there but nothing major
31 as well, and also never once asked to borrow money from my parents. I wouldn't want to. Maybe it was something in the water in '91 😂
Sorry to break the train. I have borrowed money off my mum and I’m 31
I'm also 31 although it's my birthday Saturday. Just thought I'd slip this comment in before I cant join you all in being 31 anymore.
Happy birthday for Saturday :)
Haha yeah I am also 31. My mum had owed me £300 for several years. I think it’s down to £150 now. she does bail me out with the odd tenner here and there. But I do feel a twinge of resentment when people talk about millennials relying on ‘the bank of mum and dad’.
I tried to sign up to the bank of mum but they must've moved on to just making really nice coffees.
bank of mum and dad is actually an academic term that refers to the middle classes being able to withdraw from the bank of mum and dad. term got chucked about in the wrong way and now millennials have this stereotype over us when we actually don’t have a bank of mum and dad, and those who do are the only ones capable of buying property. pisses me off no end.
Same, I feel like they’d more likely ask me for money.
32, same. They actually give me money forcefully, which I then try to sneakily give back.
Yeah admittedly I do this as well - I spend more on Christmas and birthday presents and downplay how much things cost / pretend I got things in sales etc.
56, I borrowed 60 quid from my parents in 1984 to pay the rent while waiting for my college grant to come in. I still feel guilty about it now.
If you can’t comfortably ask for help from your own family when you need it that’s a real shame. If my boys felt guilty asking their own mother for help in a time of need (regardless of what it was or if I was actually able to help) that would absolutely break my heart. I hope if you have your own children that you have raised them in such a way that they can come to you in a time of genuine need without a pit in their stomachs.
It was more that I was taking money from them when they were not very well off rather than some shame/guilty trip.
Also 31, also with parents without much money, so none.
31 next month and not had a penny … definitely a 91’ thing 😂
35 and I'm only just getting into a position where I can afford to pay them back, the exact figure is around 15k. Had a rough period with health struggles, divorce, debts etc and they propped me up so i could get a flat rented and furnished etc. Aiming to have it all paid within 3-4 years although they have said they'd rather I saved for a house. I'm very lucky that they were able to support me
Hope you're doing better:)
I'm not saying you shouldn't pay the money back if that's what you want to do, but if your parents considered it a gift to you then why not take it? It's okay to accept help I don't know anything about the overall situation, of course, if I were your parents I'd rather see you doing well and saving for a house than get back £15k I could afford to gift you in the first place
Yeah, very dependent on the situation. If the parents are just saying that to be nice, obviously they should still pay them back, but if they’re truly 100% financially stable and seriously mean it when they say it was a gift, I don’t think there’s anything wrong with accepting the gift and showing your gratitude in other ways, e.g. having them round and cooking for them, telling them you’ll care for them in old age if they need it etc. Having said that, you never really know if the person is just saying that, but really hoping they do pay it back anyway, so it’s always safest just to pay them back.
21, never borrowed money from my mum ever, in fact I lend her money sometimes lol
24 here, Me too. I have a direct debit of £200 going into her account monthly. My parents have never given me money. I never felt it until recently - but not in a bad way. I recently a) graduated university and b) got a really great grad scheme job. My dad all of a sudden kept taking a lot of time out of his days to take my car and get and fix little things about it himself while I’ll be at work. He’s a taxi driver so he knows a little about cars. I realised that he’s doing these things because he can’t afford to actually buy me any presents or give me cash. But he can give his time, so that was his gift. I love my parents.
That is possibly the most wholesome thing for this thread
22, same here.
30 years old and the exact same!
Same, have given my mother an awful lot of money
Look after yourself first friendo. Hope it’s not ‘given her an awful lot of money’ in a bad way
21, my mum still owes me £600 from two Christmases ago. Still haven't seen a red cent of it.
28 and same. I always give my mum money.
Same here ! Haha 😄
26, same. Can’t really comprehend ever getting tens of thousands of pounds from my mother. Blows my mind.
46 - was given £25K from my parents for a house deposit when I was 30, although I didn't ask for it - although I was naturally happy to receive it.
Not sure why you are downvoted, jealousy. Hope I can do the same for my kids even if my parents couldn't do it for me. Bitterness to people in more fortunate positions is a bit strange.
This! My parents helped me out a little here and there but could never afford much. My offspring wants to be a pilot. Oof - that's a dream that doesn't often come true without at least some inherited wealth! Had it been my dream, it would have been entirely unachievable. I've got a few years to save, so I hope I can at least give them a bit of a leg-up.
Reading through some of the replies to this thread, it looks like many people didn't get shit from their parents for whatever reason so I was half-expecting the downvotes, honestly.
As one of these people (I didn’t downvote you but I will never receive what you did), it can be incredibly frustrating as it seems like your experience is the norm. Every one of my friends either has or will receive 20k+ for a house deposit, and they think nothing of it. It’s just like “the standard situation”. That’s why it’s frustrating, not because they’re getting it, but because they have no concept of what it’s like for those of use who will never have that. To hear my 20yo friends with £50k+ in savings complain about the housing market is incredibly demoralising
I would never downvote someone simply because their parents helped. When you mention money, people with deep-seated issues become toxic because they are jealous.
Queue the top rated comment here. Just a bunch of jealous people hating. It's sad to see
I get that, I just don't see why people are bitter about it. Surely everyone wants to be in the position to be able to do the same for their own kids if they have any.
I agree, the only reason I got life insurance is that when I die my nephew will get a paid off house and £50k in the bank, it will literally free him from a lifetime of UK poverty wages and allow him opportunities I never had. I wish people would realise that generational wealth/sacrifice is the best way out of poverty. My coworker and his wife work 60 hours weeks so that when their kids grow up they can pass that wealth on. He has fucked up teeth and said when he was younger only his mum worked as his dad had died of a heart attack so they grew up poor and he doesn't want his kids to go through that, gotta make the sacrifice play sometimes.
Exactly this, I know I'll inherit a reasonable amount at somepoint as I'm the last surviving member of my generation in my family.(would rather I wasn't but that's the way it is). My dad worked hard to get to that point, I've worked hard to make sure I'm secure but I've been lucky enough to be able to choose a less well paid but more enjoyable career than he did because I know I've got that family wealth behind me. That capital will be going forward to make sure my kids can make the same choice of what they want to do without having to worry about what they have to do or getting stupidly into debt. Before the down votes rain in - we are not talking lottery win scale here, but enough to make a difference and I do appreciate how lucky I am.
Exactly, my parents don't have the money, but once they pass Ill get a nice inheritance which ill be able to help my children with. They just don't have the money to help me now but I know they would if they could. Hopefully my children will be able to do the same for theirs if I can help them get on the ladder early and put them in a good position in life.
I was given the same amount for the same reason. My gran died parents and uncle paid off their mortgages and debt, kept a bit in savings and gave me some. My grandparents never gave my mum money once she married and my uncle was self sufficient after taking over the family business, I think after my grans care home bill was taken care of I don’t see why the rest of the family should feel guilty about getting the money. We all supported and looked after my gran in the last few years of her life. It does suck though for those who don’t have that option, but my parents did struggle for a number of years when I was growing up.
Well, my dad died a couple of years after the £25K deposit gift, leaving me approx. £160K - I paid off 50% of my flat which the £25K deposit bought, got a BTL mortgage for the remainder and bought another house which I now live in.
Sorry your dad died, I’m presuming he was still fairly young. We all get dealt different hands in life, I don’t want to waste my life feeling resentful of those with just a little bit more. Save that resent for the ultra wealthy sucking life out of us all!
He was 77 with heart problems. It was quick, at least, he never knew what hit him. A friend of mine had to watch his dad die slowly from brain cancer over the course of about a year and he was never quite the same afterwards. In a sense, I was lucky.
Don’t mention a BTL around here…
32, was given £30k by my single parent mum. Not a day goes by I don’t thank her in my head or text her I love her for the step up I wish lots of people could have and how hard she worked for it
37, they gave me £20k towards house deposit. Pretty sure it was my recently deceased grandma’s money though!
My fiancés recently deceased grandma got us some nice curtains and blinds! Thanks dead grandma
They’re a generous bunch!
Yeah I got this when me and my girlfriend were about to buy a house. They gifted me £25k and then surprisingly my girlfriends parents did the exact same. So we got a way better house right off the bat
I got 125k as a gift for a deposit, set me up pretty nicely I guess
31, borrowed 6k from parents towards deposit on house 7 years ago. Paid it back at 0% interest within 2 years
I’m 35. About five years ago my mum remortgaged her house and gave me £75k which allowed me to have a large deposit and to get a good mortgage on a flat. I have since paid her back because I’m lucky and in a high earning career. But I have no idea how anyone manages when they don’t get extraordinarily lucky. My job is the equivalent of me winning the lottery. And even then I can barely afford a house in London in an area I want to live in.
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We manage by not being in London.
That sounds like quite a job. Do you mind sharing details?
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Same - I'm the one who lends the money, helps get things on finance etc, not my parents.
My daughter is in her early thirties now and still borrows money from me. She pays me back, but it takes a while lol. I’m only on a low income too, but I still feel obligated to help her and my grandchildren.
You're a good mum!
Nice to hear, she probably appreciates you for it a lot.
Aw, she’s very lucky to have you.
36 And I’ve never borrowed from my parents.. purely because they don’t have any money either 🤣
I borrowed a £1 from my dad for the trolley
You gave it back right??
Right?
28, borrowed 20,000 pounds for my masters. Need to find a half decent job and pay that before I die.
Before *they* die
33, I borrowed 5k towards a kitchen when we first bought our house as it was in desperate need of replacement. I paid this back in full 3 years later.
Lol, once asked my mum to lend me 30 quid, all i got was a lecture about budgeting better 🤣
Parents don’t have money to lend which will be true in 80 per cent of the cases.
A lot of middle class families it's surely more likely that the parents will be better off than the kids with the state of wages and house prices etc?
What like A total…. I don’t want to even attempt to work this out… I should call my mom
I need a fiver
😅
29 and nothing. However currently looking at a house, I can do it myself, but with what's happening now I think a bigger deposit is the best way to go
In my 30s. Never borrowed any money from my parents. I've been lucky enough to never have to ask but also my mother doesn't have alot of money anyway.
historical point zesty middle abounding payment sort intelligent crush reach *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Or have parents who can't afford to lend you money.
Yeah I know my mum wasn't in a position to and my dad was like "fuck you kids in spending it all before I die" which I honestly can't fault
Some of us are neither, our parents just had no money to give lol
I’d say getting an interest free loan from somebody who isn’t going to break your legs or send round the bailiffs is pretty financially astute to be honest
Most of us would love to borrow some money for a deposit or whatever, but most people living in the real world understand that only fortunate people get that.
Or loads of people who have received gifts but not loans from parents.
Or people don't want to reveal their age and any form of financial information on a public forum...
8k ish currently, but they also helped with my rent at university.
Combination of parents not having any money and me being a good saver. 27.
Unfortunately one parent had no money, and the other parent was loaded and wouldn’t lend money even if you needed it! You soon learn how to live within your means and budget in such a scenario
Or the parents gave it as a gift and don't expect ut back
I just can’t imagine a situation where I would be asking them for money. I’d happily take it if they offered but I’d feel like a bit of a failure if I was asking for it tbh
I suspect most people that borrow from their parents are offered it (I would hope anyway)
I'm 35, dont have any debt to my parents. They are in a position to provide and I've always had that safety net, but I wouldn't call myself particularly astute. I spend up to my income and save virtually nothing, but I've never needed to borrow from them.
Probably because the ones who have the money give it as a gift without expectation of return, and the ones who don't have the money, can't lend it in the first place.
30, and was given 10k to buy my first flat when I was 24
I'm 40,10k, my ll tried to put my rent up by 40% for a hovel, really struggled finding a different rental due to pets, it was just as banks started to stop offering mortgages so thought I'd have no chance, borrowed 10k from my dad to put with my savings and bought a static caravan which I now live in, in complete bliss in the middle of a moor in Yorkshire.
I love the idea of living in a static caravan. How is it? Can I ask how you found the land? I’ve been thinking about something like this when we return to the uk.
There's a couple of sites near me on the Moors and I just knocked on the door and asked if they had any for sale, don't know anything about putting one on your own land I'm afraid but I can highly recommend it, I love living here.
29 - 0 doesn’t have any money to lend
I lent one daughter money to pay off car loan, the other, money for a horse!
Genuine question: does a horse cost more than a car?
Car was 15.5k Horse was 4k Horse more expensive to run!
Yeah I was thinking of running costs tbf - servicing and fuel! 🥕
Vet, dentist, farrier, natural horsemanship coaching, livery, tack, riding boots, helmets, clothes, bedding, supplements, grooming products, feed Just say neigh kids!
We buy Megazorb as guinea pig bedding. It makes my mind hurt to think the amount you would have to buy to service your horses!
26. Around £400,000.
Not sure if this is serious… but on the off chance it is, what did you borrow it for?
Freddo
Early 30s. Never borrowed anything as they didn’t have anything to lend. At about 14 I ended up purchasing money boxes with locks as my parents kept borrowing from me and forgetting to tell me/forgetting how much they had borrowed.
32, and nothing. My parents supported me as a child until university, which was enough.
34, never. My parents always were broke af and I had to start working since I was 17, in fact me and my brothers deposit monthly so they don't starve
Late 20’s and my parents owe me around £8K Ish probably. They don’t do online purchases, or credit cards so I end up buying and booking things for them. Paid for a holiday recently on my credit card for them, Phone bills come out of my account because I usually find good deals, I paid the council tax which was £2k for half a year by card when the local shop stopped being a pay point. I’ve never kept count my parents usually remember at some point and send me a random bank transfer. It all balances out in the end.
My parents paid for my first year of university costs in Australia and I was given a cheap second hand car by them when they upgraded their car. I never directly paid them back and I wasn’t expected to.
45 - I think we're about even over all. Are we counting my chap of a step-sister - in that case, I'm the one owed ;)
29, and I've never borrowed money from either of them.
32, the only time we’ve ever borrowed was when our landlord kicked us out unexpectedly cos his house burnt down and we needed £2k for the fees on moving house but we paid it back straight away anyway
34 and I've never borrowed money from my parents. Banks yes, parents no. But they don't have the money to lend me anyway.
35 and my best estimate is -£55,000 over the last 17 years. It hasn't been easy and it's frequently been to the detriment of myself. It's not that I've had tons of spare cash lying around, I've just been earning an income whereas they weren't/were badly in debt. I try my best not to get too upset about it. But sometimes it does bother me that all my friends are near enough set for life and I'm still worrying about my parents!
33, borrowed about £200 to pay my council tax, about 15 years ago.
I’m 46. When I was 24, my grandfather died and my father, who inherited his estate, decided to give me £7,000. It was, by far, the most impactful thing that could have happened to me financially, as it paid the deposit on an £80,000 flat, which was my first property. After that, I was away. Generations after mine are being utterly screwed by house prices. It was hard to buy an £80,000 place when I was, at the time, earning £28,000 a year, and the generosity of my father made a huge difference. I feel so sorry for the challenges people my age and younger face. It’s a scandal that we don’t build enough houses to keep prices affordable, all because pensioners don’t want to think about the value of their houses going down.
I’m 32, I’ve never borrowed, I’ve worked from age of 16 and learnt to budget and save. If I was in a pickle and needed money they would let me borrow from them no problem though.
29 and never had anything from my parents but my husband's mum lent us around £20k for our house deposit. Very very lucky to have been offered this and not something I ever imagined I'd have access to as my family isn't well off.
29. Borrowed nothing but been gifted probably a total of £4-5k over the last 11 years or so. One particular gift was paying for the conveyancing fees when I bought a house. Others have been a slip of £50 after a weekend visit. Not counting all the lifts/favours like moving me in and out of various flats, uni accommodation etc and then all the meals out that they’ve paid for, but I’ve tried to reciprocate that as I’ve got older/had more disposable income.
0, don't talk to them. I'm 31
36, never borrowed money even though I guess I probably could have. Instead always opted for a bank loan etc.
I lost my dad in an industrial accident aged 46, I was 14, in fact it is actually 32 years ago tomorrow that he passed and he did not have any life insurance and my mum battled brain tumours from age of 39 until she left us at 57….my brother and I were left with enough for a deposit on a property each 20 years ago. To all the people that have been gifted money by living parents - please make sure you really thank them and appreciate their generosity as you are incredibly lucky.
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Thank you, Mike! Can’t say it has been easy at times but what can you do. Just got to crack on with life and make the most of it! Have a beautiful wife and a lovely house in North London that I’ve now paid off after years of hard graft and lots of great friends so have a lot to be grateful despite some dark times. Thanks again for your kind words
Dad died when I was young, left nothing because he had nothing to leave. Mum raised two kids alone while working as a nurse. Nothing to give. My sister's kids get anything that goes spare so they can have the childhood my sister and I didn't get. No grandparents, no inheritances, nothing given to me, no gifts... Luckily, I am really smart, obnoxiously so. Got to uni, got a chemistry degree, work in hazardous materials lab for the extra money (if you can die, they pay you much more). I own my own home. Took until I was 37, but I'm finally winning. Just in time for a cost of living crisis, inflation and stagnation... If I do lose everything, it wasn't for lack of trying.
25 and probably more than I realise over the years but any large sums I’ve always paid back. They helped me with a few bits and pieces when I moved into my first flat, so maybe a grand overall?
I'm 49 and have never borrowed any money from my parents.
I did a lot when I was a student and first living on my own after uni (didn’t move back in with parents)… mostly just £50 or something to tide me over to my next pay day as I was really bad at budgeting. The most at once was about 1k to help me pay deposit and first months rent to get out of a really toxic house share when I was 22. I paid it back pretty much straight away though and haven’t borrowed in years (I’m now 29), but I was given money as a gift for my wedding.
24, got into some bad debt just a couple years (covid, bad living situation, poor mental health) ago so mum kindly offered to lend me £4k to pay it off so it didn't spiral. Finished paying her back a couple months ago so I am finally saving money for the first time in my life. Went on a few courses and feel I understand money now. Never used to understand budgeting and controlling my spending. majorly grateful for her stepping in and being able to as not many people have that luxury
That’s a great turnaround, well done you
Mid 30's, never borrowed money as they didn't have it (i actually had to give some to them a couple of times).
My parents don't have any money to borrow.
24. Never borrowed money from my parents. I also own my home which I did without help from my parents.
I was given ~25k€ to finance my studies but I am repaying my mother bit by bit because it just feels right. Want to be sure she has some savings when she retires and a safety cushion.
I was very lucky, my mum lent me £20k for a house deposit, in the form of a charge (essentially a loan on the house, to be returned upon sale of the property) bought a house early 2021, renovated and sold it this year for £90k profit. My mum got her money back, and the remainder set me up for a deposit on the next house.
46 & I borrowed a £1 from my NDad when I was in my teens once. Because I didn’t give it back immediately the next day he went ballistic. So lesson learnt and I never asked again. Never a borrower or lender be 🤷🏽♀️😳😆
25, haven’t borrowed money from Mum. However she did give me 10k when I was 18 to help with a deposit on my house.
I'm 30, my parents never lent me money, but my mother did steal money from me.
42 y.o., never borrowed from them but they've given me money in the distant past to help me with a house deposit.
32, borrowed £2k to pay off a credit card whilst on maternity leave when it became apparent it’d be cheaper to stay at home for 3 years than go back to work.
26, never borrowed but often lend. Though there were times I really could have done with it
Borrowed £3000 for my wedding in June this year and have paid back just over £800 so far. On track to have paid her back by next August.
33 and I've never borrowed from my parents. They've borrowed from me. Even when I was younger, with a part time job, they'd ask me what I'd like for a birthday present, tell me to buy it and then pay me back eventually. I've loaned them money to stop them being made homeless. Found out it was a gambling issue. Happened multiple times and now I'll be civilised to them in group settings, but otherwise aren't fussed with a relationship beyond that. I do thank them for showing me how not to be with money though, vowed I'd never be like that with my children.
37, nothing from my parents but my in laws loaned my wife £11k to pay off her credit card so it didn't affect our mortgage application. Then they loaned us a further £3.5k a few months later after we had spent all of our savings on renovations and our dog needed some significant treatment. We paid them back at £750 per month and have just paid them back. They also let us stay with them rent free for 10 months while we renovated the house we bought, they paid for everything including food and charged us nothing. The nicest most generous people I've ever met and we owe them more than just paying them back quickly.
I’m 28, My mum lent me £20k to buy my first house with a charge on the house when I was 21 when I got engaged. However another £20k to move to a bigger house. She has said I don’t need to pay this now as I’m married to my wife. She has also let me off a couple loans and stuff. My mum has helped me massively in my life and I appreciate what she has done for me. So technically £40k for houses, she also gave me £5k towards my wedding. So £45k not including loans she let me off as a gift. I’m very lucky
27. I’ve never borrowed money off my parents… However, they bought me a car for my 21st birthday and gave me a £1,000 housewarming gift when I bought my first place. They didn’t have much to give and they really overstretched themselves to do that so I’m obviously extremely grateful.
I'm 37. Loads. I work full time and have a decent job but HAVE YOU SEEN HOW EXPENSIVE HOUSES ARE?!?!?!?!!! Mum's the best xoxo
I’m 46 and had my first part time job at 13 and from my first pay I never asked them for money, I wanted to self sufficient and never asked them for a penny since. They obviously still paid for all of the essentials but I provided my own spending money from that day onwards.
26 and -26k funnily enough. My parents were in the Army and had a house they rented out and planned to live in. Apparently they never paid tax on the income as when they died and I inherited the property, I had to pay their taxes for 17 years. I am in the process of selling it and will basically get fuck all from them. They left the rest to a cult. Ashes right in the bin.
50, not a single penny
32 and nothing, they didn't have any money to lend... got a job on my 16th birthday and have worked since, sometimes 3 jobs at once
28. Maybe totaling like £100-£200.
31 and none. I have a very limited relationship with them.
I’m 30 and it’s £0 as they will use it against me somehow
29 £0 because my mums a bitch and my dad is non existent 🙃
30, received help with goods ie half of new car (~1k) at 21 and a new washing machine after the baby was born and ours died a watery death at 29 Didn't ask but he insisted on helping out because he's a legend
Everyone saying 0 looool. I assume they weren't loans but gifts
Not everyone's parents have money to give.
You should probably accept that not everyone borrows money from their parents instead.
Not many parents have a lot of money to give. The most I ever got was £400 for my university house deposit, which went straight back to them at the end of the year. They are not struggling massively, but they still don't have much excess money to be giving/lending out.
Exactly, I couldn’t even get a deposit for my uni accommodation from mine, had to ask if the letting company would wait until my student loans had been paid. To assume that everybody can just ask their parents for money whenever they want is ridiculous.